Month: August 2015

Misery for gold bugs as bullion fails a big test

Gold bulls piled into the metal in hopes that the turmoil sweeping financial markets would finally help revive prices. They were wrong. Instead of a rally, futures in New York fell for four straight sessions even as global equities plunged to a two-year low. Rather than providing a refuge from the meltdown, gold’s volatility rose right along with a measure of equity turbulence, diminishing its appeal as a haven. As stocks started to recover, the metal kept falling because of reports that signaled gains for the U.S. economy.

Arian Silver´s MD&A and Financial Statements for the Three and Six Months Ended 30 June 2015

Arian Silver’s Chief Executive Officer, Jim Williams, commented today, “The phased commissioning of the Company’s processing plant has been ongoing during the second quarter of the year.The commissioning process has highlighted the need for remedial work to the tertiary crusher which will result in a delay in completion of commissioning into Q4 this year, and a corresponding delay in mine development. The silver price has continued to fall this year, recently touching a six year low and current market consensus is for continued short-term weakness. Therefore, it has become clear that alterations to the mine plan will be required if profitable production is to be achieved in the current climate…”

Highvista Gold Inc. Announces Further Details of Its Change of Business Process Option and Provides a Corporate Update on Certain Mining Properties

“The Company is seeing a very interesting current market opportunity with the potential for equity growth and for yield and distributions, which we believe investors are looking for today. We see the potential to build a focused portfolio of investments in areas that are attracting expansion capital and could see attractive capital appreciation. These areas of focus also highlight the deal flow generation capability and extensive financial market experience of management and our Board of Directors and their respective networks” states Paul Crath, President and CEO.

Bacanora Announces Sonora Lithium Project Drilling Program and Updated Results

BACANORA MINERALS LTD. the London and Canadian listed lithium and borates company focused on Mexico, is pleased to announce that it has mobilized a second drilling rig to site and also provides an update on the drilling program currently being undertaken as part of the pre-feasibility study at its Sonora Lithium Project in Mexico.

Morro Bay Announces Release of Third Quarter Financial Results and Closes Second Tranche of Private Placement

John Zang, CEO of Morro Bay commented, “the first half of the year saw Morro Bay make significant strides forward. We were able to complete the exercise of the Option Agreement by which Morro Bay became an owner of 51% in the Peñoles Project and with our partner, Riverside Resources Inc., we reported an initial maiden resource estimate for the Jesus Maria Silver and El Capitan Gold zones at the Peñoles Project.”

AuRico Metals anuncia su financiación privada con Alamos Gold

AuRico Metals Inc. anuncia una financiación privada con Alamos Gold a través de la cual Alamos comprará 8.000.000 acciones de AuRico Metals a un precio de compra de acción de 0,70 dólares canadienses para unos beneficios totales de 5.600.000 dólares. Junto a las 5.767.855 acciones que Alamos ya tiene en AuRico Metals, Alamos ya controla el 10,9% de las acciones emitidas y destacadas de la compañía.

Alamos Announces Investment in Aurico Metals

Alamos Gold Inc. today announced the purchase of 8,000,000 common shares of AuRico Metals Inc., representing approximately 6.34% of the outstanding common shares of AuRico. The Shares are being acquired by Alamos by way of private placement at a price of C$0.70 per Share.

Apoya minera a la sociedad

El grupo Fresnillo PLC invirtió el año pasado cerca de 20 millones de pesos en acciones a favor de la comunidad, pese a la situación limitante por los precios de los metales, se espera que este año se tenga una inversión similar.

Catalyst Copper Closes Private Placement

Catalyst Copper Corporation announces that further to its press release of August 18, 2015 it has closed the non-brokered private placement of 3,300,000 units at a price of $0.10 per unit (increased by 300,000 units) for gross proceeds of $330,000. Each unit consists of one common share and one common share purchase warrant. Each common share purchase warrant is exercisable for one common share of the Company at a price of $0.15 for a period of five years from closing. Proceeds from the private placement will be used for general working capital purposes.

Globexplore is a customer focused, technology driven mineral exploration drilling contractor devoted to top of class drilling methods and techniques that only years of experience can achieve. Every day we strive to be the industry leader by providing the highest rate of performance, professionalism, safety and environmental responsibility.

All News

Maza Drilling is a Mexican company established in 2007 in Mazatlán, Sinaloa. Our Canadian founder, Mr. Guy de Launiere, has over 20 years of international experience managing diverse drilling operations. Maza Drilling strives to compete at the highest levels in terms of recovery, effectiveness, efficiency, and affordability at every project while keeping at the forefront of technology to meet our customer’s needs in this demanding market.